The Wright Stuff is about to undergo a major revamp on Channel 5 after its viewing figures have steadily decreased.

Hosted by Matthew Wright, the two-hour show is one of Channel 5's longest-running series, having aired since September 2000, and has been produced by Princess Productions for 15 years.

However, according to Broadcast, Channel 5 has invited seven independent production companies, including Princess Productions, to pitch for The Wright Stuff.

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The initial 12-month contract, which begins in January 2018, is worth up to £10 million a year, with a decision to be made in the summer, although it's understood that Matthew Wright will continue to host whoever wins the contract.